DBS Hong Kong pledges sustainable finance to build a low-carbon future

As a purpose-driven bank, DBS Hong Kong is committed to accelerating advancement towards a more sustainable future with green financing

The bank adopts a three-pillar approach for sustainability that is guided by Responsible Banking, Responsible Business Practices, and Creating social impact

To advocate closing the loop on food waste, DBS Hong Kong works with partners to launch The Loop at One Island East urban farm

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“We have taken decisive actions to help clients advance on their sustainability agenda, manage our business in a balanced and responsible way, and create longer-term value for the communities we serve,” says Sebastian Paredes, CEO of DBS Hong Kong.

Published: 12:00am, 30 Nov 2021

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Asia’s leading banks are reaffirming their commitment to sustainability and the vital role that the banking sector plays in contributing to carbon reduction targets and building a more resilient community. Some have gone the extra mile by guiding capital to a low-carbon economy and championing social enterprises.

One such player is DBS Hong Kong, which continues to bring sustainability to the fore by clustering its initiatives into the three pillars of sustainability: Responsible Banking, Responsible Business Practices and Creating Social Impact. In doing so, the bank offers businesses and organisations access to sustainable financing and guidance on embedding sustainability into their operations, ultimately resulting in more positive impacts on the community at large.

“As a purpose-driven bank, DBS has a long-term vision of being the best bank for a better world. With our sustainability goals closely aligned with those of the United Nations Sustainable Development Goals (UN SDGs), we have taken decisive actions to help clients advance on their sustainability agenda, manage our business in a balanced and responsible way, and create longer-term value for the communities we serve,” says Sebastian Paredes, CEO of DBS Hong Kong.

Responsible banking

Sustainable finance is a key enabler for businesses transitioning to a sustainable future and adopting green solutions. That’s why the bank has raised its sustainable financing target to SG$50 billion (HK$289 billion) by 2024 to help accelerate the progress towards sustainability.